• HS_Realtor


Here are 5 tips to help you get a pre-approval from a lender to purchase a home

1. Proof of Income:

-Not just employment. Proof of INCOME. The lender needs to see proof of a steady income or proof of money coming in on a regular basis

2. Proof of Assets:

-More specifically, liquid assets. Liquid Assets are 'securities' that can easily be converted into cash. These include Checking/Savings accounts, money market accounts, stocks/bonds, retirement funds.

3. Good Credit:

-In the world we live in today, your Credit Score has never been so important. You will need to meet a minimum credit score requirement in order to obtain a mortgage. Is your score too low?? No worries, if you talk to a bank or lenders, they have resources to tell you what you can do to raise your individual score.

4. Proof of Employment:

-The mortgage company needs to make sure you are Employed. Whether its working for a company or being self employed, you have to show proof.

5. Proof of ID:

-This can be as easy as a drivers license, state issued ID, or more complex like proof of citizenship. Anything that proves you are who you say you are.


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